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Reuters Eliminates Position
Of Chief Operating Officer

By

Charles Goldsmith Staff Reporter of The Wall Street Journal

Updated June 20, 2003 11:25 a.m. ET

LONDON -- Reuters Group PLC, which is rapidly cutting costs to cope with a steep downturn in the financial-services industry, said its chief operating officer had resigned and the position has been abolished.

Philip Green, 50 years old, who joined Reuters in 1999 as chief executive of Reuters Trading Systems, a unit that oversaw foreign-exchange dealing, will leave the company on June 30, Reuters said. Mr. Green wasn't available for...